$CINF said that The Cincinnati Insurance Companies' property casualty group expects its 3Q17 results to include pretax catastrophe losses of approx. $102-114MM, representing 3Q17 combined ratio of approx. 8.6-9.6 percentage points. The company also expects its 3Q17 property casualty combined ratio to be in the range of 98.5-101.5%.

$CINF's shareholders elected all directors for one-year terms to the 14-member board, based on preliminary voting results at its annual meeting on May 6, 2017. Shareholders also ratified the selection of Deloitte & Touche LLP as independent registered public accounting firm for 2017.

$CINF said that The Cincinnati Insurance Companies' property casualty group expects its 1Q results to include pretax catastrophe losses of about $106MM, representing an impact on 1Q17 combined ratio of about 9.2 percentage points, based on estimated property casualty earned premiums.

$CINF said its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., began marketing personal lines products in Texas by expanding the availability of its Executive Capstone program for high net worth clients to the state.

$CINF's book value increased 10% for 2016 to $42.95 per share at
December 31, 2016. $CINF finished 2016 with a value creation ratio of 14.5%,
exceeding its long-term objective of a 10-13% annual average. Pretax investment
income rose to $153MM for 4Q16 and $595MM for 2016, up 2% and 4%, respectively.

Insurance company
$CINF reported a $56MM decrease in 4Q16 net income, reflecting the after-tax
net effect of a $63MM reduction in contribution from property casualty
underwriting that included an increase of $45MM in catastrophe losses. Net
income was $100MM or $0.60 per share versus $156MM or $0.94 per share in 4Q15.
Total revenues were $1.3Bil.

$CINF's BoD declared a 50-cents-per-share regular quarterly cash dividend, increasing from the previous 48-cents-per-share dividend. The dividend is payable April 14, 2017, to shareholders of record as of March 22, 2017.

$CINF expects its 4Q16 property casualty combined ratio of 96-98%, including the effect of catastrophe losses. Its 4Q combined ratio before catastrophe loss effects is estimated to be about 3 percentage points higher than the result for the first 9 months of 2016, largely due to less favorable reserve development on prior accident years.

$CINF said The Cincinnati Insurance Companies' property casualty group expects its 4Q16 results to include pretax catastrophe losses of about $75-85MM, representing an impact on the 4Q16 combined ratio of about 6.5-7.5 percentage points, based on estimated property casualty earned premiums.

$CINF reported net income of $180MM, or $1.08 per share in 3Q16, up from $174MM, or $1.05 per share, a year ago. The company said earnings rose due to a $35MM increase in net realized investment gains.

$CINF said Charles Stoneburner II, SVP, commercial lines for its lead subsidiary, The Cincinnati Insurance Co., will retire within the next six months, completing the transition plan set in motion last November. As previously announced, Stephen Spray, SVP, will be the next head of Cincinnati's commercial lines.

$CINF said Kenneth Stecher, chairman of the board, plans to retire from active employment and executive responsibilities at the company within the next six months. He will remain as a director and non-employee chairman of the board.

$CINF said the funds generated from net operating cash flow for 1H16 rose 4% YoverY to $490MM and helped generate $292MM of net purchases of securities for the investment portfolio. $CINF added that it declared a dividend of $0.48 to shareholders, giving a net effect of a book value increase of $1.41 during 2Q16 to a record $42.37 per share.

$CINF said the company reported an underwriting profit for each of its property casualty segments in 1H16 and expects 2H16 to be better than the first half. $CINF added that it experienced increases in the fair value and unrealized gain positions of both equity and bond portfolios.

Property & casualty insurance company $CINF said it is pleased to report satisfactory operating performance, despite 2Q16 catastrophe loss effects that were slightly higher than the long term avg. $CINF added, higher investment income for 1H16 offset a small decline in property casualty underwriting profit, leading to a 3% rise in operating income.